LLC Cost in Wisconsin – How Much to Pay for an LLC


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Perhaps you are hoping to form an LLC in Wisconsin. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Wisconsin.

Wisconsin LLC Cost of Filing

Here are the costs involved in forming an LLC in Wisconsin.

Cost of Filing Formation Certificates

The Wisconsin Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Wisconsin Department of Revenue

Wisconsin Domestic LLC

  • Online Filing costs $130
  • Annual Report Fee costs $25
  • Name Reservation fee costs $15
  • By mail: Fill out the Application Form PDF and submit it to the following address, State of WI – Dept. of Financial Institutions, P.O. Box 93348, Milwaukee, WI 53293. costs $170

Wisconsin Foreign LLC

  • Online filing costs $100
  • Annual Report Fee costs $25
  • Name Reservation fee costs $15
  • By mail: Fill out the Application Form PDF and submit it to the following address, State of WI – Dept. of Financial Institutions, P.O. Box 93348, Milwaukee, WI 53293.

You can visit the Official Wisconsin Department of Revenue website to learn more about Business filings.

Note that filing online is ideal, not only because you need to go to the Department of Revenue office, but also it would be faster. You won’t have to wait in a queue in doing so.

Wisconsin LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Wisconsin, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

LLC Service

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$99 per year

  • Standalone registered agent service

  • Take you through all steps

  • LLC formation package available

$125 per year

  • 1 year free service along with LLC formation package

  • Fast service

  • Flat rate, no hidden cost

Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Wisconsin Department of Revenue for regulatory boards or agencies requiring licensing. 

Wisconsin LLC Taxes to Be Paid

The business LLCs in the State are subject to different tax filing obligations. Though the taxes may vary among cities and counties.

Wisconsin State Income Tax

This is the State Tax levied on any income you pay to yourself. The tax rate varies between 3.54% to 7.65%, depending on the total amount of taxable income.

Wisconsin Sales tax

The standard rate of sales tax applicable is at the rate of 5.00% and the rate can go higher up to 5.6% after the addition of local county tax.

Wisconsin Federal Self-Employment tax

Any profit that Wisconsin LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.

Employer Payroll Tax Withholding

If you hire employees in Wisconsin, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.

Wisconsin Property Tax

The State imposes one of the highest property taxes in the country. The State’s average property tax is 1.68% which generally applies to furnishings and equipment owned by businesses in the State.

Cost Comparison Among States

Every state has different costs of filing for an LLC to their respective State Authorities. If you wish to gain a better understanding of the costs of opening an LLC in a different state in comparison to Wisconsin, read the table below:

StateFiling FeeAnnual Fee/Biennial FeeSales tax
Wisconsin LLC$130$25 (annual)5.00%
Minnesota LLC$135 (mail)$155 (online)$06.875%
Michigan LLC$50$25 (annual)6%
Illinois LLC$150$75 (annual)6.25%
Iowa LLC$50$45 (Biennial)6%

The contributing sectors to Wisconsin’s economy are manufacturing, agriculture, and health care. Other sectors include tourism and information technology. The State falls in the higher income states in the United States.

Other Costs

How Much Does It Cost to Maintain an LLC in Wisconsin

To maintain an LLC in Wisconsin you will need to pay an annual fee of $25 along with state income tax at 3.54% to 7.65%, sales & use tax at 5%, and federal taxes.

You may be asking yourself, How Much Does It Cost to Maintain an LLC? This is a reasonable question to ask before forming your new business. There are two main reasons that you might want to do this. First, you want to make sure that your name is available in the state of Wisconsin. If it is not, you’ll need to choose another name. In either case, you’ll need to check that it’s available.

Some LLCs in Wisconsin will require a license or permit, and these can range from $20 to several hundred dollars per year. It’s wise to have these permits and licenses in order to protect your company’s interests, as operating a business without these can lead to costly fines and legal ramifications. Another thing to consider is insurance coverage. You may need to purchase insurance for your business. This will cost you a bit of money, but it’s worth it in the long run.

An LLC in Wisconsin requires a registered agent. This can be an individual or a third party. There are several costs associated with this service, but the annual fee for this service can be as little as $50. If you’re interested in more convenience, you can hire a third-party entity to do the filing and management work for your LLC. These services can cost anywhere from $50 to several hundred dollars per year.

The next step in the formation of your LLC is the filing of the annual report. The annual report will need to be filed online, and it’s due the end of the calendar quarter of the anniversary month of your LLC. Your registered agent will receive a notification that you must file this form. This will open your LLC for business. You can also choose the type of management you want for your new business. A member-managed LLC allows you to take the reins and make decisions, while a manager-managed LLC requires the members to serve passively.

Another way to protect your business name is to register your trade name. An LLC is allowed to use a trade name, if its name is unique and distinguishable from other businesses. The Wisconsin Department of Financial Institutions maintains a database where you can check if the name you’re planning to use is available. Generally, you’ll be allowed to reserve a name for up to 120 days, but you must file this request in advance.

The annual report is a legal document that every LLC is required to file. In most states, it’s mandatory to file the report each year, and a foreign LLC is required to pay a fee of $80. Operating agreements are important documents that give the members of your LLC important information about the business. If you don’t sign one, you’ll be in trouble. You’ll want to make sure that everyone is on the same page before your annual report is filed.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

In Conclusion

The cost of Wisconsin is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

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